Over a decade, Ethereum has become a fundamental part of crypto finance, pushing forward with the intent of ensuring stability and reliability in transactions.
Launch of Ethereum and Its Initial Ambitions
The launch of Ethereum's first live network called 'Frontier' took place in 2015. At the start, there were no user interfaces, and the focus was on functionality -- creating smart contracts and decentralized applications. Ethereum aimed to be programmable money, providing a new financial logic.
The Role of Ethereum in Modern Financial Products
Ethereum is actively used in various financial products such as stablecoins and tokenized stocks. For instance, Robinhood launched U.S. equities on the Arbitrum platform built on Ethereum. According to CoinGecko, Ethereum supports nearly 50% of all stablecoin activity.
Scaling Mechanisms and the Future of Ethereum
The transition of Ethereum from a proof-of-work to a proof-of-stake model in 2022 reduced energy consumption by more than 99%. The development team is now focused on scaling the network while maintaining decentralization. Key technologies for this include zero-knowledge proofs and algorithmic updates aimed at protecting against attacks.
Over ten years, Ethereum has transformed from an experiment into a reliable component of the global financial system. As developments continue, its significance is only set to grow.
